- According to Realosophy's John Pasalis, there were nearly 12,000 condo apartments listed for lease on Toronto's MLS system compared to just 3,332 last year in September.
- Even before the pandemic hit, there was evidence that rental/lease income projections were overshooting actual receipts considerably and that the securities into which these cash flows were bundled were likely to disappoint.
- A world of high leverage, shrinking cash flows and mounting supply is likely to keep eroding rent and property prices.
For further details see:
Perfect Storm For Realty Investors: Rising Vacancies And Falling Rents